The Alexanian Apartment Advisors recently facilitated a closed property sale in South Pasadena. The asset involved in this transaction is a multifamily property consisting of 26 units and one single-family home. The property is located at 2052 Meridian Avenue and spans over 26,780 square feet. The sale also included a vacant single-family home in Arcadia, which was combined by the seller for their 1031 exchange proceeds. The transaction was conducted off-market, with the Alexanian Apartment Advisors representing both the seller and the buyer.

Summary of transation details

• Property Type: Multifamily (26 Units & 1 SFR)
• Transaction Amount: $13,700,000
• Units: 26
• Price Per Unit: $411,538
• Square Footage: 26,780
• Price Per Square Foot: $399

Greg Alexanian and Nick Hayner from Alexanian Apartment Advisors played a pivotal role in this transaction. They served as both the seller's and the buyer's representatives, ensuring a smooth and efficient deal. For more information or assistance with similar property transactions, interested parties can contact the local advisors at (818) 239-1206 or visit the website at www.alexanianadvisors.com.